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Vacant Unit Tax
On May 11, 2022, The City of Ottawa (the "City") instituted a new By-Law related to vacant residential properties. The By-Law includes three key components that every residential homeowner should be aware of: The City has made the determination that, moving forward, a homeowner should...
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Federal Budget 2022: Ottawa to Implement Canada-Wide Anti-Flipping Tax
The 2022 Federal Budget introduces a new deeming rule to ensure profits from flipping residential real estate are subject to full taxation. The proposed Anti-Flipping Tax would affect homeowners who sell a principal residence that they have owned for less...
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Purchase and Sale of AIRbnb Properties Part 2
In Part 1 of our series on the purchase and sale of AIRbnb rental properties, we discussed different forms of taxation that may apply when buying or selling a short-term rental property. In Part 2, we will look at city...
![AIRbnb](https://www.merovitzpotechin.com/wp-content/uploads/2021/06/AdobeStock_180952657_resized.jpg)
Purchase and Sale of AIRbnb Properties Part 1
AIRbnb is a popular online marketplace for short-term rentals, homestays and vacation rentals primarily for tourism and short-term work/assignment purposes. The service is provided by a platform that is globally accessible on the Internet and via Mobile App. AIRbnb does...
![AIRbnb Purchase and Sale](https://www.merovitzpotechin.com/wp-content/uploads/2021/05/AdobeStock_325144811_Resized.jpg)
The Federal Home Equity Capital Gains Tax
As federal and provincial government deficits skyrocket due to COVID-19 support payouts such as the CERB, governments at all levels will be searching for new revenue sources in the not-so-distant future to try and balance budgets. One way to accomplish...
![Federal Home Equity Tax](https://www.merovitzpotechin.com/wp-content/uploads/2020/08/AdobeStock_262013947_resized.jpg)
Filing Clearance Certificates with CRA by Email
Clearance certificates confirm that the estate of the deceased, or a corporation, has paid all the tax, penalties, and interest it owed at the time the certificate was issued. The certificate allows the representative to then allocate assets without being...
![Sending email to CRA](https://www.merovitzpotechin.com/wp-content/uploads/2020/07/AdobeStock_217569572_resized.jpg)